Y Intercept Hong Kong Ltd Invests $340,000 in Cleanspark, Inc. $CLSK

Y Intercept Hong Kong Ltd acquired a new stake in shares of Cleanspark, Inc. (NASDAQ:CLSK) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 40,003 shares of the company’s stock, valued at approximately $340,000.

Other institutional investors also recently bought and sold shares of the company. Leonteq Securities AG lifted its holdings in Cleanspark by 5.4% during the first quarter. Leonteq Securities AG now owns 81,039 shares of the company’s stock worth $690,000 after buying an additional 4,185 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in Cleanspark during the 1st quarter valued at $249,000. Sippican Capital Advisors purchased a new position in shares of Cleanspark in the 1st quarter valued at $98,000. Apollon Wealth Management LLC purchased a new position in shares of Cleanspark in the 1st quarter valued at $134,000. Finally, Janney Montgomery Scott LLC raised its position in shares of Cleanspark by 66.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 149,471 shares of the company’s stock worth $1,272,000 after acquiring an additional 59,830 shares in the last quarter. 43.12% of the stock is owned by hedge funds and other institutional investors.

Cleanspark News Summary

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: CleanSpark secured a 20-year lease for 175 MW of critical IT load at its Georgia campus, marking a major expansion into AI and high-performance computing infrastructure and creating a large, recurring revenue stream. PR Newswire release
• Positive Sentiment: The lease’s scale far exceeds CleanSpark’s market value, reinforcing the idea that the company is transitioning from a Bitcoin miner into a digital infrastructure landlord, which could justify a higher valuation multiple. Proactive Investors article
• Positive Sentiment: BTIG reaffirmed its Buy rating and raised its price target to $26, adding to the bullish reaction around the new AI/data center strategy. Street Insider article
• Neutral Sentiment: Unusual options activity showed heavy call buying, suggesting traders are positioning for more upside, but it does not by itself change the company’s fundamentals.
• Negative Sentiment: The new development strategy will require significant upfront capital and carries execution risk, including construction milestones and a long delay before revenue begins in 2027.

Cleanspark Stock Up 8.8%

NASDAQ:CLSK opened at $13.45 on Wednesday. The company has a current ratio of 8.26, a quick ratio of 8.26 and a debt-to-equity ratio of 1.81. Cleanspark, Inc. has a twelve month low of $8.00 and a twelve month high of $23.61. The company has a market cap of $3.45 billion, a PE ratio of -6.40 and a beta of 3.83. The company’s 50 day moving average is $15.35 and its two-hundred day moving average is $12.39.

Cleanspark (NASDAQ:CLSK) last posted its quarterly earnings results on Monday, May 11th. The company reported ($1.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($1.27). Cleanspark had a positive return on equity of 7.07% and a negative net margin of 67.66%.The company had revenue of $136.41 million during the quarter, compared to analysts’ expectations of $145.35 million. During the same period in the prior year, the business posted ($0.49) EPS. The company’s quarterly revenue was down 24.9% on a year-over-year basis. Analysts anticipate that Cleanspark, Inc. will post -1.19 EPS for the current year.

Wall Street Analyst Weigh In

CLSK has been the subject of a number of analyst reports. Needham & Company LLC upped their price objective on Cleanspark from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Chardan Capital reiterated a “buy” rating and issued a $19.00 target price on shares of Cleanspark in a research note on Wednesday, July 8th. Cantor Fitzgerald reduced their target price on shares of Cleanspark from $17.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Maxim Group boosted their target price on shares of Cleanspark from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings lowered shares of Cleanspark from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.12.

Cleanspark Company Profile

CleanSpark, Inc (NASDAQ: CLSK) is a leading energy software and services company specializing in advanced microgrid controls and distributed energy resource (DER) management. The firm develops proprietary software platforms designed to optimize power flows across on-grid and off-grid installations, integrating renewable generation, battery storage, and traditional generation assets. CleanSpark’s technology is used by utilities, commercial and industrial enterprises, and remote facilities seeking to enhance energy resilience, reduce operating costs, and achieve sustainability goals.

In addition to its core software offerings, CleanSpark provides end-to-end engineering, procurement and construction (EPC) services.